Enbridge Spreads Tentacles To Acquire Spectra, Creating ‘Pipeline Enemy #1’
By Deirdre Fulton for Common Dreams - Two pipeline corporations have announced plans to merge, raising the hackles of climate activists who say the deal "would be bad news for energy consumers and terrible news for the clean energy revolution on which the future of our planet depends." Canadian pipeline behemoth Enbridge said Tuesday that it plans to buy Houston-based Spectra Energy Corp. for stock worth $28 billion, creating what CBC News calls "a North American energy infrastructure giant."